Shiba Inu (SHIB) May Surge 1,000% to $0.0001 or Even 10,000% to $0.001 Thanks to Ethereum ETF Approval

Shiba Inu is among the altcoins that stand to gain from the recent approval of multiple Ethereum spot exchange-traded funds (ETFs), which has investors buzzing.

The approval of multiple Ethereum spot exchange-traded funds (ETFs) has sparked optimism in the crypto market, with anticipation of a substantial rally in the broader landscape.

Among the altcoins poised to benefit from this development is Shiba Inu. Currently trading at $0.00001673, a 10x surge would propel SHIB’s price to $0.00018403. Remarkably, a 10,000% increase would catapult Shiba Inu to $0.00168973.

Ava Monaro, a crypto enthusiast with a keen eye for emerging trends, has spotlighted ten altcoins she believes could surge between 1,000% (10x) and 10,000% (100x) thanks to the Ethereum ETF approval. These tokens include Shiba Inu (SHIB), Byte (BYTE), Ethereum Name Service (ENS), Render (RNDR), Baby DogeCoin (BabyDoge), Turbo (TURBO), Pepe (PEPE), Bonk (BONK), Toncoin (TON), and Ondo (ONDO).

Her analysis suggests that the substantial inflows into Ethereum ETFs could lead to significant price increases for these tokens.

Shiba Inu Potential Surge to $0.0001 – $0.001 Territories

Shiba Inu, currently trading at $0.00001673, stands out among these altcoins. A 10x surge could elevate SHIB’s price to $0.00018403. Remarkably, a 10,000% increase would catapult Shiba Inu to $0.00168973.

Experts, including those from Changelly, project that SHIB could reach $0.0001 by December 2027. The more ambitious target of $0.001 might be realized by 2040.

At present, SHIB is trading at $0.00001673, reflecting a 2.24% drop over the past 24 hours. Similarly, the token has declined by 2.4% over the past week.

While predictions are promising, they are not guarantees. Investors should tread carefully and consider these projections with a healthy dose of skepticism.

The Ethereum ETF approval marks a significant milestone, potentially setting the stage for a bullish revival in the crypto market. Investors will be closely watching to see if these predictions come to fruition.